Insider Selling: Patrick J. Hansen Sells 5,450 Shares of Strattec Security Corp. Stock (STRT)
Strattec Security Corp. (NASDAQ:STRT) CFO Patrick J. Hansen sold 5,450 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $71.43, for a total transaction of $389,293.50. Following the sale, the chief financial officer now directly owns 8,700 shares of the company’s stock, valued at approximately $621,441. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Strattec Security Corp. from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 7th. They now have a $79.80 price target on the stock. Analysts at Robert W. Baird raised their price target on shares of Strattec Security Corp. from $68.00 to $72.00 in a research note on Wednesday, August 6th.
Shares of Strattec Security Corp. (NASDAQ:STRT) traded up 2.26% on Tuesday, hitting $77.05. The stock had a trading volume of 13,166 shares. Strattec Security Corp. has a 1-year low of $35.10 and a 1-year high of $78.00. The stock has a 50-day moving average of $66.93 and a 200-day moving average of $67.19. The company has a market cap of $267.8 million and a price-to-earnings ratio of 16.42.
Strattec Security Corp. (NASDAQ:STRT) last released its earnings data on Tuesday, August 5th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.41. Analysts expect that Strattec Security Corp. will post $5.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Wednesday, September 10th. This is a positive change from Strattec Security Corp.’s previous quarterly dividend of $0.11.
STRATTEC SECURITY CORPORATION (NASDAQ:STRT) is a producer of automotive locks and keys.
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